STOCK TITAN

Baidu Leads China in Artificial Intelligence Patents, is Poised to Bring About Intelligent Transformation

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Baidu, Inc. (NASDAQ: BIDU) has been recognized as the top holder and applicant of AI-related patents in China, with 2,682 patents granted and 9,364 applications as of October 2020. This achievement, reported by China's Ministry of Industry and Information Technology, reflects Baidu's leadership in various AI sub-fields, including deep learning and autonomous driving. The company's technology has been applied across its business segments, enhancing products like the Apollo Go Robotaxi service and intelligent healthcare solutions, thereby driving innovation and economic growth.

Positive
  • Ranked No. 1 in AI-related patents and applications for the third consecutive year.
  • 2,682 AI-related patents granted, 9,364 applications filed as of October 2020.
  • Leader in several AI sub-fields: deep learning (438 patents), NLP (377 patents), autonomous driving (283 patents).
  • Successful application of patented technologies in products like Apollo Go Robotaxi and healthcare solutions.
Negative
  • None.

BEIJING, Dec. 1, 2020 /PRNewswire/ -- Baidu, Inc (NASDAQ: BIDU) holds the most AI-related patents and has filed the most AI-related patent applications of any company or organization in China, according to a recent study published by two units of China's Ministry of Industry and Information Technology (MIIT), a recognition of the company's commitment to innovation and its leadership of the AI field. 

Baidu has been granted 2,682 AI-related patents and has filed a total of 9,364 AI-related patent applications as of October 2020, ranking No. 1 in applications for the third consecutive year. Baidu's patent applications were followed by Tencent (8,450), Huawei (7,381), and Inspur (7,052), according to the report jointly issued by the China Industrial Control Systems Cyber Emergency Response Team and the Electronic Intellectual Property Center, two units under the MIIT.

The report showed that Baidu is the leader of both patents and patent applications in several important sub-fields of AI, reflecting its comprehensive leadership of AI technologies. These include deep learning (438 patents and 2,340 applications), natural language processing (NLP) (377 patents and 1,383 applications), intelligent speech (330 patents and 1,135 applications), autonomous driving (283 patents and 1,928 applications), knowledge graph (242 patents and 884 applications), intelligent recommendations (540 patents and 1,414 applications), and big data for transportation (384 patents and 1,237 applications).

Baidu's rich patent resources have been leveraged and applied across the company's business units. Patented technologies in deep learning have been utilized in PaddlePaddle, Baidu's open-source industrial level deep learning platform. Baidu's core technological strengths in autonomous driving—as reflected by its patent leadership—has enabled it to a global industry leader, empowering projects such as the Apollo Go Robotaxi service, which is open to the public in Beijing, Changsha, and Cangzhou.

Baidu's advanced NLP and intelligent speech technologies have also bolstered the company's products, bringing benefits to users through the power of AI. Integrating NLP functions, Baidu launched an "intelligent consultation assistant" to support hospitals and healthcare partners to upgrade their online services amid COVID-19, exponentially boosting the efficiency of online medical consultations. Meanwhile, Baidu's intelligent speech technologies power the Xiaodu lineup of smart products, including speakers, displays, and earbuds.

Baidu's leading advantages in AI are the result of its persistent commitment in the field since 2010, and the company has become a leader at the forefront of global AI industry. Moving forward, Baidu will continue to invest in and further explore AI technologies and applications in products and vertical industries. Baidu will promote intelligent transformation and serve as a new engine for economic growth.

About Baidu

Baidu, Inc. is the leading Chinese language Internet search provider. Baidu aims to make the complicated world simpler for users and enterprises through technology. Baidu's ADSs trade on the NASDAQ Global Select Market under the symbol "BIDU." Currently, ten ADSs represent one Class A ordinary share.

Media Contact
Intlcomm@baidu.com

Cision View original content:http://www.prnewswire.com/news-releases/baidu-leads-china-in-artificial-intelligence-patents-is-poised-to-bring-about-intelligent-transformation-301182591.html

SOURCE Baidu, Inc.

FAQ

What is Baidu's rank in AI-related patents as of October 2020?

Baidu ranks No. 1 in AI-related patents and applications in China, with 2,682 patents granted and 9,364 applications filed.

How many AI-related patents does Baidu hold?

Baidu holds 2,682 AI-related patents.

What are some key areas where Baidu leads in AI patents?

Baidu leads in AI patents in deep learning, natural language processing, intelligent speech, and autonomous driving.

What technology does Baidu use for autonomous driving?

Baidu utilizes its patented technologies in autonomous driving for its Apollo Go Robotaxi service.

How does Baidu's AI technology benefit healthcare?

Baidu's AI technology supports hospitals with an intelligent consultation assistant, improving online medical services.

Baidu, Inc.

NASDAQ:BIDU

BIDU Rankings

BIDU Latest News

BIDU Stock Data

29.53B
2.28B
2.76%
25.21%
2%
Internet Content & Information
Communication Services
Link
United States of America
Beijing